Newport Group Consulting provides an automated web-enabled financial advisory service called the Managed Account Service, specifically designed for participants in employer-sponsored retirement plans like 401(k) accounts. Newport Group Consulting uses technology and proprietary algorithms to help participants build savings and investment strategies tailored to their retirement income goals. The service automatically manages and rebalances retirement plan accounts based on personal details like age, salary, and expected retirement date. Newport Group Consulting focuses exclusively on retirement plan assets and does not provide comprehensive personal financial planning, tax advice, estate planning, or management of accounts held outside the retirement plan. Newport Group Consulting operates as a subsidiary of Ascensus and primarily serves institutional clients, retirement plans, and plan sponsors, offering its managed account feature directly to individual plan participants.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 0.15% |
Fee applies only to assets within the participating employer-sponsored retirement plan account.